Having said that ASX 200 simply outperformed all other markets rising 1.95% ，and recorded the best single trading day for the last 2 years. Short covering was the main reason behind the rise as the market digested the Banking Royal Commission recommendation and concluded it had left the Australian financial system largely intact.
Across the Atlantic, US 4th quarterly earning report had a good run , with 71% of the earning reports above expectation.
RBA had kept rate on hold yesterday. Why? And it is reported that the upbeat performance of US markets had to do with the latest US and China trade negotiation. But does that mean we could expect an easy sail from now?
To answer these questions, we have invited Head of International Business, Shinewing Australia, David Chu, and independent economic analyst and strategist , Dr Po Man Chan to give us some lights on the questions above.
